HNA to Combine $4 Billion Property Unit With Its Listed Builder

Updated on
  • Controller buys 24 billion yuan of shares as part of deal
  • Sale at 34% discount to last price before June suspension

Luxury residential buildings in Sanya.

Photographer: Brent Lewin/Bloomberg

The parent of Hainan Island Construction Co. plans to combine a property unit with its listed developer in a transaction valued at 26 billion yuan ($4.1 billion).

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